Embark on a journey through the infrastructure landscape of Western Europe infrastructure construction market with our in-depth analysis. Explore the trends, innovations, and key players shaping the infrastructure construction industry in the region. Stay ahead in the dynamic world of construction as we unravel insights into market dynamics, sustainable practices, and the transformative forces driving progress in this dynamic sector.
The Western Europe infrastructure construction market size will be valued at US$ 490.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 2.6% over the forecast period. The growth is supported by the government’s efforts to revive economic development via intense public investments.
However, the growth momentum in 2021 and 2022 was taken a hit by the soaring material and energy prices, thereby, restraining the launch of new projects in the region. Despite these challenges, the EU-backed funding under the Recovery and Resilience Facility (RRF) of approximately US$ 790 billion is projected to aid the construction works in the infrastructure sector over the forecast period.
The Western Europe infrastructure construction industry covers several sectors including railways, roads, water and sewage, electricity and power, and others. Among these, roads category accounted for over 46.1% of the overall share in 2022 and is projected to continue its dominance over the forecast period.
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